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Post by guruzim on Oct 2, 2014 17:28:59 GMT
Anyone have a range they see this staying within? I'm trying to figure out what I "Expect" this stock to do. I think if it goes back to $4 I would definitely buy more. I think $5 as well... not sure what to do right now though. What are others doing?
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Post by JHam on Oct 3, 2014 0:54:36 GMT
Anyone have a range they see this staying within? I'm trying to figure out what I "Expect" this stock to do. I think if it goes back to $4 I would definitely buy more. I think $5 as well... not sure what to do right now though. What are others doing? I still haven't sold any yet. My cost average is $4.13 and I have a medium position. I was thinking of adding more if it dipped below yesterday's low, but instead it climbed back up 11%. FOLD is pretty low-risk for me at this point. Dilution is out of the way for the foreseeable future, they have a very promising product that has shown very positive results, and they are about to file for an NDA, which in my opinion should have no problem getting approved. Therefore I am not too concerned with daily fluctuations as I think it is just some tree shaking, short selling etc... I'll probably take some, if not all, off the table after they file the NDA, which I expect they'll do in the next few months. I still believe a $750M market cap is possible after they file the NDA and $1B after they are approved. Those numbers don't seem unreasonable to me at least. Lastly, Crowley stated that they'd only partner if the price was right and that that price would be very steep. That indicated to me that Crowley thinks the long term valuarion of the company is high even without a partner. Still I would not be surprised to see FOLD partner up or even be taken over at some point. But that is just speculation in my part. |
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Post by JHam on Oct 3, 2014 17:25:17 GMT
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